Support Test

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Dictionary Says

Definition of 'Support Test'

One of five tests that must be passed in order to claim someone as a dependent. The Support Test mandates that the taxpayer must have provided more than half of the prospective dependent's living expenses during the year. Living expenses include meals, lodging, clothing and medical care and anything else that a parent would normally provide for a child or other dependent.
Investopedia Says

Investopedia explains 'Support Test'

The Support Test is closely related to the Relationship and Residence Tests, but the prospective dependent does not have to live with the taxpayer in order to pass this test. The Support Test is perhaps the most direct measure of whether a taxpayer should be able to claim someone as a dependent. After all, if the person is not financially dependent upon the taxpayer, then why should the taxpayer be able to claim his or her as a dependent?
Search results for

'Support Test'

  • How To Claim A Dependent On Your Tax Return

    http://www.investopedia.com/articles/tax/09/claim-a-dependent.asp
    ... The Support Test: The individual who is being claimed as a dependent must
    not have provided more than half of his or her own support. ...

  • Taxing Times For Divorced Parents

    http://www.investopedia.com/articles/pf/08/dependent-tax-credits.asp
    ... The main stipulation of the law resides in the support test, which determines who
    actually provided for the dependent child's support for more than half the ...

  • Interpreting Support And Resistance Zones

    http://www.investopedia.com/articles/technical/02/060402.asp
    ... Prices fall and test the support level, which will either "hold" and price will
    bounce back up, or the support level will be violated, and price will drop ...

  • Technical Analysis: Support And Resistance | Investopedia

    http://www.investopedia.com/university/technical/techanalysis4.asp
    ... level. Support and resistance levels both test and confirm trends and need
    to be monitored by anyone who uses technical analysis. As ...

  • Analyzing Chart Patterns: Double Top And Double Bottom ...

    http://www.investopedia.com/university/charts/charts4.asp
    ... As in the double top, do not be surprised if the price returns to the breakout
    point to test the new support level in the upward trend. ...

  • Silver Miners Attempting To Bottom

    http://stocks.investopedia.com/stock-analysis/cotd/SLV20110706.aspx
    ... Trust (NYSE:SLV) ETF, one can see that the $32.50 level held on the initial down
    thrust and appears to have held as support on the latest test in late June. ...

  • Using The ISM Manufacturing Index To Find Forex Trends

    http://www.investopedia.com/articles/fx/11/using-the-ISM-manufacturing-index-to-trade-forex.asp
    ... Since hitting a top of 0.9720 on April 18, 2011, the USD lost some strength and
    declined to test support just above 0.9450 (right-hand side of the chart). ...

  • A Pause In Electronic Test Gives Investors Another Chance With ...

    http://stocks.investopedia.com/stock-analysis/2012/A-Pause-In-Electronic-Test-Gives-Investors-Another-Chance-With-Agilent-A-ILMN-BDX-ABT0217.aspx
    ... like Juniper (NYSE:JNPR) and JDS Uniphase (Nasdaq:JDSU) certainly support the idea ...
    overall orders were flat and the book-to-bill was 0.99, test and measurement ...

  • The Rectangle Formation

    http://www.investopedia.com/articles/trading/08/rectangle-formation.asp
    ... retested in June. At each test of support, there was sufficient buying interest
    to drive the stock higher. Significant resistance at ...

  • Forex Investing: How To Use The Golden Cross

    http://www.investopedia.com/articles/forex/11/how-to-profit-with-the-golden-cross-in-forex-trading.asp
    ... Now, applying our Bollinger band application on the chart, we see that the imminent
    test of the support level coincides with the lower band. ...

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